Airtel Africa (LON:AAF) Reaches New 1-Year High – Here’s What Happened

Airtel Africa Plc (LON:AAF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 174.70 ($2.32) and last traded at GBX 174.70 ($2.32), with a volume of 5154272 shares. The stock had previously closed at GBX 169.10 ($2.25).

Airtel Africa Stock Up 0.8%

The stock has a market capitalization of £8.12 billion, a price-to-earnings ratio of -104.24, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 275.30. The firm has a 50-day moving average of GBX 161.01 and a 200 day moving average of GBX 134.25.

Insiders Place Their Bets

In related news, insider Sunil Bharti Mittal purchased 163,582,576 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of GBX 132 ($1.76) per share, for a total transaction of £215,929,000.32 ($287,368,911.79). 72.58% of the stock is owned by corporate insiders.

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.